LEASE RIGHT OF USE ASSET AND LEASE LIABILITY (Tables)

3 Months Ended

Mar. 31, 2021

LEASE RIGHT OF USE ASSET AND LEASE LIABILITY

Schedule of the operating lease right

	As of
	March 31,			December 31,
	2021			2020
Balance as of beginning of the year	$	62,529		$	23,542
Add: Addition of right of use assets		-			61,128
Less: accumulated amortization		(5,214	)		(22,587	)
Foreign translation differences		(1,568	)		446
Balance	$	55,747		$	62,529

Schedule of the operating lease liability

Operating lease liability as follow:	As of
	March 31,			December 31,
	2021			2020
Balance as of beginning of the year	$	63,079		$	24,148
Add: Addition of lease liabilities		-			61,128
Less: gross repayment		(4,705	)		(26,036	)
Add: imputed interest		795			3,380
Foreign translation differences		(2,465	)		459
Balance as of end of the year		56,704			63,079
Less: lease liability current portion		(16,793	)		(20,702	)
Lease liability non-current portion	$	39,911		$	42,377

Schedule of other information

Other information:	As of
	March 31,			December 31,
	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating lease	$	6,375		$	38,931
Right of use assets obtained in exchange for operating lease liabilities		55,747			65,529
Remaining lease term for operating lease (years)		3.75			4
Weighted average discount rate for operating lease		5.40	%		5.40	%